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How soon will USDT become BTCT?
I don't understand why you'd do that. BTC is not TRC20 protocol? From what I've found, there is BTCT which would be a BTC-backed coin on the TRC20 Blockchain but I really don't advice to do things like that, you should keep your BTC in BTC.
Sstoshi's last post on BTCT was in 2010, about some update for a program.
Rising fiat valuations are a risk for all of crypto, but they are not a risk that many investors consider probable (at least in the longterm). The good thing about this is that it makes fiat long hedge positions extremely cheap. For example, I bought an SPY Put a few weeks ago that was large enough to cover my entire non-stablecoin portfolio against a deflationary market crash. It cost me about 5% of my portfolio, and I should be able to roll it over for an approximate cost of 10% APY. In fact, it will likely cost me nothing, because I sold 10% of it when it tripled in value last week. I'd also point out that the benefit of purchasing 66% of the LUNA supply to attack the network decreases with the cost of doing so- if there is any. (There isn't any way to short enough LUNA to make up for the cost of that attack.) Further Terra's dynamics make LUNA one of the first cryptos to recover during crashes. The more fiats lose purchasing power, the more demand there is for LUNA and UST as people yields and returns to avoid falling fiat. LUNA's price can't fall forever. If it falls to a fraction of a penny, people will still want to arbitrage the peg. Many stakers are not likely to sell (because they won't be able to afford anything else either), newcomers will still see the upside potential of buying LUNA. If fiat completely fails maybe the Terra DAO will vote to add BTCT, but all of crypto will initially crash regardless, because our economies revolve around fiat. Fluctuations, and Terra unwinding UST demand, create unrealized losses for LUNA stakers, but also create lucrative opportunities for additional investment. Holders will either hodl or lose money, but everyone will know the ride is never over, because the dynamics are in the code. The arbitrage never goes away. The probability of LUNA going back up becomes greater the further the price falls. The mechanics of how it can recover are well established now, and as it gets cheaper, there is enormous incentive to take the risk of buying LUNA to hold for the ride back up. LUNA was worth pennies 11 months ago. UST had very little demand a year ago. And it's risk and dynamics are far better known now. We know what will happen.
yea, support more WBTC BTCT EBTC and odther shit tokens claiming to be secured by btc...
What are you even talking about? It’s called USDT they are the ones that advertised and created a coin that’s backed by the USD. So as they should, people want proof that it is exactly what they said it is. If it was called BTCT then people would want proof that it’s backed by BTC (they are holding an equal amount of BTC). Your rambling nonsense above is proof that you have a fundamental misunderstanding of the workings of the economy and crypto. This has nothing at all to do with whether USD is shit or not and everything to do with them (USDT) delivering what was promised.
Apart from the well known ones that everyone will mention: ZEFI SAPP BTCT
Thank you! I appreciate it. I got mine off of stake cube, And I love that website because you can earn a lot off of staking. I’m actually about to buy more BTC2 and BTCT soon, I already more than doubled my original investment with those two, and they’re still relatively untouched by the mainstream investors market, so they’ve got a low price with huge potential for growth.
Bitcoin Token, and I think it’ll go high because of the fact that tokens generally experience higher price increases in short duration than coins on average (look on coin gecko), and when BTC goes up to a million like people predict than BTCT will go up to like $50,000 at least.